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Be Ready To Pay! Global Concern As X Billionnaire Elon Musk Moves To Buy Open AI, ChatGPT

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By Frank Kamuntu

In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors who have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 billion.

Musk has long feuded with OpenAI CEO Sam Altman and hasĀ filed a number of legal complaintsĀ against the company and Altman, claiming that the AI company and its leadership have misrepresented OpenAI as a philanthropy. Musk claims that OpenAI has broken with its founding charter by seeking to make a profit with its AI tools.

OpenAI is operated by a nonprofit that controls an entity called OpenAI LP, a for-profit company that exists within the larger companyā€™s structure. That for-profit company took OpenAI from effectively worthless to a valuation of around $100 billion in just a few years ā€” and Altman is largely credited as the mastermind of that plan and the key to the companyā€™s success.

The massive investment from Musk,Ā first reported in the Wall Street Journal, could give Musk majority control of the company, which rivals his X.AI artificial intelligence company.

ā€œIf Sam Altman and the present OpenAI, Inc. Board of Directors are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time,ā€ said Marc Toberoff, an attorney representing the investors, in a statement. ā€œItā€™s time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens.ā€

In response, AltmanĀ said in a post on X, ā€œno thank you but we will buy twitter for $9.74 billion if you want.ā€

Musk, who co-founded OpenAI in 2015, has since left over a dispute related to the companyā€™s shift to for-profit work.

OpenAI was founded because its creators believed artificial general intelligence, or AGI, posed aĀ serious threatĀ to humanity. The company created a board of overseers to review any product the company created, and its productsā€™ code was made public.

Yet a company with big backers like Microsoft and venture capital firm Thrive Capital has an obligation to grow its business and make money. Investors want to ensure theyā€™re getting bang for their buck, and theyā€™re not known to be a patient bunch.

That could have led Altman to push the for-profit company to innovate faster and go to market with early products. In the great ā€œmove fast and break thingsā€ tradition of Silicon Valley, those early products donā€™t always work so well at first. That could become a problem when itā€™s a technology so good at mimicking human speech and behavior that it can fool people into believing its fake conversations and images are real.

In a bizarre board room battle in late 2023, the OpenAI board fired Altman before quickly rehiring him. The board has since been reshaped, and former directors involved in the decision had said they were concerned OpenAI was moving too quickly without regard for safety.

Musk first sued OpenAI in June 2024, but heĀ dropped that initial lawsuitĀ after the companyĀ published a blog postĀ that included several of Muskā€™s emails from OpenAIā€™s early days. The emails appeared to show Musk acknowledging the need for the company to make large sums of money to fund the computing resources needed to power its AI ambitions, which stood in contrast to the claims in his lawsuit that OpenAI was wrongly pursuing profit.

MuskĀ filed a new lawsuitĀ in August 2024 and accused OpenAI of racing to develop powerful ā€œartificial general intelligenceā€ technology to ā€œmaximize profits.ā€ Musk also accused the company of engaging in racketeering.

OpenAI, meanwhile, accused Musk of essentially being jealous that he was no longer involved in the startup, after he left OpenAI in 2018 following an unsuccessful bid to convince his fellow co-founders to let Tesla acquire it.

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